Citi's Levkovich Admits "Significant" Mistakes In Bearish S&P Call, But Sticks With 4,000 Year-End Target
Sep 1st 2021 6:05pm EDT
Citi’s Levkovich Admits “Significant” Mistakes In Bearish S&P Call, But Sticks With 4,000 Year-End Target Last Friday, Powell’s unexpectedly dovish Jackson Hole speech sparked another melt-up in risk assets. Ahead of the latest rally, Wall Street’s most bearish strategists such as Citigroup’s top strategist Tobias Levkovich, had issued multiple dire warnings about a euphoria on Wall Street and how markets resemble 1999. […]
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